Chinese export growth slows to three-year low to 0.5pc in 2019
CHINA's exports grew 0
CHINA's exports grew 0.5 per cent in dollar volume in 2019, the slowest growth in three years when growth contracted 9.9 per cent, reports London's Financial Times. Imports fell 2.8 per cent last year.
In yuan, trade with the US fell 10.7 per cent to CNY3.73 trillion (US$541 billion). But Zou Zhiwu, vice-minister at China's customs administration, said bilateral trade between the two began to improve at the end of the year.
'Our US imports started to recover in November and December,' he said, pointing to a 9.1 per cent year-on-year increase last month. Imports of US agricultural products doubled while vehicle imports increased 50 per cent, he said.